Central Vietnam province seeks to add long-delayed Blue Whale power project to Power Development Plan

By Tri Duc
Tue, February 25, 2025 | 3:03 pm GMT+7

Quang Ngai province has urged the Ministry of Industry and Trade and the Prime Minister to add the long-delayed Ca Voi Xanh (Blue Whale) gas-to-power project to the Power Development Plan VIII (PDP VIII).

A Quang Ngai delegation, led by the People’s Committee Chairman Nguyen Hoang Giang, made the suggestion at a meeting with the trade ministry on Monday.

The project, featuring three gas-fired power plants - Dung Quat 1, 2, 3, will play a key role in the country’s energy security in 2026-2030, he emphasized.

Deputy Minister of Industry and Trade Nguyen Hoang Long chairs a meeting with Quang Ngai province in Hanoi, February 24, 2025. Photo courtesy of Quang Ngai news portal.

Deputy Minister of Industry and Trade Nguyen Hoang Long chairs a meeting with Quang Ngai province in Hanoi, February 24, 2025. Photo courtesy of Quang Ngai news portal.

So far, Dung Quat 1 and Dung Quat 3, totaling 1,500 MW and to be invested by state utility EVN, have received in-principle approvals from the Prime Minister.

The 750 MW Dung Quat 2, invested by Singapore’s Sembcorp with an investment of $793 million, had its feasibility study report approved by the trade ministry and is processing next tasks.

The Ca Voi Xanh project also features an area to build another 750 MW gas-to-power project, Quang Ngai province reported.

Besides, Quang Ngai authorities urged the PM and the ministry to permit the gas-fired power project to utilize imported LNG or other fuel as feedstock. The project can use gas exploited from Ca Voi Xanh gas field later, according to Quang Ngai province.

American giant ExxonMobil and its Vietnamese partner first discovered the offshore Blue Whale field in 2011. “The resource is large enough to provide power to a city the size of Hanoi for more than 20 years,” ExxonMobil had highlighted then.

The project was approved for implementation by a partnership between the American firm and state-owned Petrovietnam years ago.

In August 2024, Minister of Industry and Trade Nguyen Hong Dien said Vietnam is considering proceeding with the mega project without ExxonMobil in the initial phases, since the latter is engaged elsewhere.

Little progress had been made because ExxonMobil was restructuring itself and is now focusing on new energy, Dien added.

Comments (0)
  • Read More
Maersk eyes building major container ports in Vietnam

Maersk eyes building major container ports in Vietnam

A.P.Moller - Maersk (Maersk) is exploring investment opportunities to develop large, modern and low-carbon container ports in Vietnam.

Infrastructure - Wed, November 19, 2025 | 4:36 pm GMT+7

Taiwan semiconductor giant Panjit acquires 95% of Japan-based Torex’s Vietnam arm

Taiwan semiconductor giant Panjit acquires 95% of Japan-based Torex’s Vietnam arm

Panjit International Inc, a Taiwan-listed semiconductor major, has approved the acquisition of a 95% stake in Torex Vietnam Semiconductor, a subsidiary of Japan-based Torex.

Companies - Wed, November 19, 2025 | 3:59 pm GMT+7

Vietnam PM urges Kuwait Petroleum to expand Nghi Son refinery, build bonded fuel storage facility

Vietnam PM urges Kuwait Petroleum to expand Nghi Son refinery, build bonded fuel storage facility

Prime Minister Pham Minh Chinh on Tuesday called on Kuwait Petroleum Corporation (KPC) to expand the Nghi Son oil refinery and build a bonded fuel storage facility in Vietnam.

Industries - Wed, November 19, 2025 | 3:18 pm GMT+7

Southern Vietnam port establishes strategic partnership with Japan’s Port of Kobe

Southern Vietnam port establishes strategic partnership with Japan’s Port of Kobe

Long An International Port in Vietnam’s southern province of Tay Ninh and Japan’s Port of Kobe on Monday signed an MoU establishing a strategic port partnership which is expected to boost trade flows, cut logistics costs, and deliver greater benefits to businesses across the region.

Companies - Wed, November 19, 2025 | 10:14 am GMT+7

Thaco's agri arm seeks to expand $44 mln cattle project in central Vietnam

Thaco's agri arm seeks to expand $44 mln cattle project in central Vietnam

Truong Hai Agriculture JSC (Thaco Agri), the agriculture arm of conglomerate Thaco, looks to aggressively expand its flagship cattle farming project in the central Vietnam province of Gia Lai.

Industries - Wed, November 19, 2025 | 9:56 am GMT+7

Japan food major Acecook eyes new plant in southern Vietnam

Japan food major Acecook eyes new plant in southern Vietnam

Acecook, a leading instant noodle maker with 13 plants operating in Vietnam, is studying a new project in the southern province of Tay Ninh.

Industries - Wed, November 19, 2025 | 9:39 am GMT+7

Vietnam’s largest Aeon Mall to take shape in Dong Nai province

Vietnam’s largest Aeon Mall to take shape in Dong Nai province

Authorities of Dong Nai province, a manufacturing hub in southern Vietnam, on Monday awarded an investment registration certificate to Japanese-invested Aeon Mall Vietnam Co., Ltd. for its Aeon Mall Bien Hoa project.

Industries - Tue, November 18, 2025 | 8:17 pm GMT+7

Police propose prosecuting Egroup CEO Nguyen Ngoc Thuy for fraud, bribery

Police propose prosecuting Egroup CEO Nguyen Ngoc Thuy for fraud, bribery

Vietnam’s Ministry of Public Security has proposed prosecuting Nguyen Ngoc Thuy, chairman and CEO of Hanoi-based education group Egroup, along with 28 others, for fraud to appropriate property, giving bribes, and receiving bribes.

Society - Tue, November 18, 2025 | 4:01 pm GMT+7

Singapore-backed VSIP eyes large urban-industrial complex in southern Vietnam

Singapore-backed VSIP eyes large urban-industrial complex in southern Vietnam

A consortium involving VSIP, a joint venture between local developer Becamex IDC and Singapore’s Sembcorp, plans a large-scale urban-industrial development named the "Moc Bai Xuyen A complex along the Tay Ninh-Binh Duong economic corridor in southern Vietnam.

Industrial real estate - Tue, November 18, 2025 | 2:38 pm GMT+7

Aircraft maintenance giant Haeco to set up $360 mln complex in northern Vietnam

Aircraft maintenance giant Haeco to set up $360 mln complex in northern Vietnam

Hong Kong-based Haeco Group, Vietnam's Sun Group, and some other partners plan to invest $360 million in an aircraft maintenance, repair and overhaul (MRO) complex at Van Don International Airport in Quang Ninh province - home to UNESCO-recognized natural heritage site Ha Long Bay.

Industries - Tue, November 18, 2025 | 2:13 pm GMT+7

Thai firm opens 20,000-sqm shopping center in central Vietnam hub

Thai firm opens 20,000-sqm shopping center in central Vietnam hub

MM Mega Market Vietnam (MMVN), a subsidiary of Thailand's TCC Group, on Monday opened its MM Supercenter Danang, a 20,000 sqm commercial complex with total investment capital of $20 million, in Danang city.

Real Estate - Tue, November 18, 2025 | 12:20 pm GMT+7

Vietnam PM asks Kuwait fund to expand investment in manufacturing, logistics, renewable energy

Vietnam PM asks Kuwait fund to expand investment in manufacturing, logistics, renewable energy

Prime Minister Pham Minh Chinh on Monday called on the Kuwait Fund for Arab Economic Development (KFAED) to strengthen cooperation with Vietnam, particularly in the areas of industrial production, logistics, renewable energy, green economy, and the Halal ecosystem.

Economy - Tue, November 18, 2025 | 11:53 am GMT+7

Thai dairy brand Betagen to build first plant in Vietnam

Thai dairy brand Betagen to build first plant in Vietnam

Betagen, a famous Thai dairy brand, plans to build its first manufacturing plant in Vietnam, located in the southern province of Dong Nai.

Industries - Tue, November 18, 2025 | 8:49 am GMT+7

Banks dominate Vietnam's Q3 earnings season, Novaland posts biggest loss

Banks dominate Vietnam's Q3 earnings season, Novaland posts biggest loss

Banks accounted for more than half of the 20 most profitable listed companies in Vietnam’s Q3/2025 earnings season, while property developer Novaland recorded the largest loss.

Finance - Tue, November 18, 2025 | 8:24 am GMT+7

Highlands Coffee posts strongest quarterly earnings in 2 years on robust same-store sales

Highlands Coffee posts strongest quarterly earnings in 2 years on robust same-store sales

Highlands Coffee, Vietnam’s largest coffee chain, delivered its best quarterly performance in two years, with Q3 EBITDA exceeding PHP666 million ($11.27 million), parent company Jollibee Foods Corporation (JFC) said in its latest earnings report.

Companies - Mon, November 17, 2025 | 10:21 pm GMT+7

Hong Kong firm Dynamic Invest Group acquires 5% stake in Vingroup-backed VinEnergo

Hong Kong firm Dynamic Invest Group acquires 5% stake in Vingroup-backed VinEnergo

VinEnergo, an energy company backed by Vingroup chairman Pham Nhat Vuong, has added a new foreign shareholder after Hong Kong–based Dynamic Invest Group Ltd. acquired a 5% stake, according to a regulatory filing on Saturday.

Companies - Mon, November 17, 2025 | 9:52 pm GMT+7